Under the radar, there has been a month-by-month price reduction for imports and exports to the United States. It’s a worldwide trend and reflects a dramatic but largely unnoticed slowing in the Global Economy.
Remarkably we’re seeing lower import/export prices for the United States that we haven’t seen since the Economic Lock-Down due to the Covid-19 Pandemic. Across the board, prices are lower, with imports to the US declining 6.1% over the past 12 months, while prices on US Exports fell 12%, the most significant export price decline in nearly 40 years.
The decline in import/export pricing has been primarily due to the incredible decrease in imported energy prices. The last 12 months have seen US Fuel Imports Prices decline by 36%.
You can see the complete report on US Import and Export Prices here:
